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Renasant Corporation (Parent Company Only) Condensed Financial Information | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Renasant Corporation (Parent Company Only) Condensed Financial Information | Renasant Corporation (Parent Company Only) Condensed Financial Information (In Thousands) Balance Sheets
| December 31,
| 2018 |  | 2017
Assets |  |  |
Cash and cash equivalents(1) | $ | 44,581 |  |  | $ | 81,839 |
Investments | 1,662 |  |  | 2,734 |
Loans, net | 640 |  |  | — |
Investment in bank subsidiary(2) | 2,236,932 |  |  | 1,618,993 |
Accrued interest receivable on bank balances(2) | 6 |  |  | 6 |
Intercompany receivable(2) | 1,618 |  |  | 4,210 |
Other assets | 18,574 |  |  | 10,839 |
Total assets | $ | 2,304,013 |  |  | $ | 1,718,621 |
Liabilities and shareholders’ equity |  |  |
Junior subordinated debentures | $ | 109,636 |  |  | $ | 85,881 |
Subordinated notes | 147,239 |  |  | 114,074 |
Other liabilities | 3,225 |  |  | 3,683 |
Shareholders’ equity | 2,043,913 |  |  | 1,514,983 |
Total liabilities and shareholders’ equity | $ | 2,304,013 |  |  | $ | 1,718,621 |
(1) | Eliminates in consolidation, with the exception of $3,737 and $3,643, in 2018 and 2017, respectively, pledged for collateral and held at non-subsidiary bank
(2) | Eliminates in consolidation
Statements of Income
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Income |  |  |  |  |
Dividends from bank subsidiary(1) | $ | 53,381 |  |  | $ | 34,416 |  |  | $ | 29,733 |
Interest income from bank subsidiary(1) | 8 |  |  | 8 |  |  | 8 |
Other dividends | 137 |  |  | 94 |  |  | 469 |
Other income | 121 |  |  | 588 |  |  | 1,275 |
Total income | 53,647 |  |  | 35,106 |  |  | 31,485 |
Expenses | 13,869 |  |  | 12,649 |  |  | 9,036 |
Income before income tax benefit and equity in undistributed net income of bank subsidiary | 39,778 |  |  | 22,457 |  |  | 22,449 |
Income tax benefit | (3,523 | ) |  | (3,761 | ) |  | (2,890 | )
Equity in undistributed net income of bank subsidiary(1) | 103,619 |  |  | 65,970 |  |  | 65,591 |
Net income | $ | 146,920 |  |  | $ | 92,188 |  |  | $ | 90,930 |
(1) | Eliminates in consolidation
Statements of Cash Flows
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Operating activities |  |  |  |  |
Net income | $ | 146,920 |  |  | $ | 92,188 |  |  | $ | 90,930 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Gain on sale of securities | — |  |  | — |  |  | (1,186 | )
Equity in undistributed net income of bank subsidiary | (103,619 | ) |  | (65,970 | ) |  | (65,591 | )
Amortization/depreciation/accretion | 160 |  |  | 656 |  |  | 560 |
Decrease (increase) in other assets | 3,381 |  |  | (1,069 | ) |  | (556 | )
(Decrease) increase in other liabilities | (171 | ) |  | (2,291 | ) |  | 564 |
Net cash provided by operating activities | 46,671 |  |  | 23,514 |  |  | 24,721 |
Investing activities |  |  |  |  |
Purchases of securities held to maturity and available for sale | — |  |  | — |  |  | (1,380 | )
Sales and maturities of securities held to maturity and available for sale | 1,052 |  |  | 1,555 |  |  | 6,101 |
Investment in subsidiaries | — |  |  | (25,000 | ) |  | (75,000 | )
Net cash (paid) received in acquisition | (34,836 | ) |  | 4,834 |  |  | — |
Other investing activities | 423 |  |  | (54 | ) |  | — |
Net cash used in investing activities | (33,361 | ) |  | (18,665 | ) |  | (70,279 | )
Financing activities |  |  |  |  |
Cash paid for dividends | (43,614 | ) |  | (34,416 | ) |  | (29,734 | )
Cash received on exercise of stock-based compensation | 201 |  |  | 173 |  |  | 415 |
Excess tax benefits from exercise of stock options | — |  |  | — |  |  | 2,771 |
Repurchase of shares in connection with stock repurchase program | (7,062 | ) |  | — |  |  | — |
Repayment of long-term debt | — |  |  | (10,310 | ) |  | — |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 98,127 |
Proceeds from equity offering | — |  |  | — |  |  | 84,105 |
Other financing activities | (93 | ) |  | 310 |  |  | — |
Net cash (used in) provided by financing activities | (50,568 | ) |  | (44,243 | ) |  | 155,684 |
(Decrease) increase in cash and cash equivalents | (37,258 | ) |  | (39,394 | ) |  | 110,126 |
Cash and cash equivalents at beginning of year | 81,839 |  |  | 121,233 |  |  | 11,107 |
Cash and cash equivalents at end of year | $ | 44,581 |  |  | $ | 81,839 |  |  | $ | 121,233 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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